Bitcoin's price moves 10% in a week sometimes. That's great if you're speculating. It's useless if you're trying to run a business, pay employees, or plan more than a few days ahead.
Stablecoins fix this. They're tokens that stay pegged to the dollar or other fiat currencies. You get the blockchain benifits (24/7, global, no permission needed) without the volatility. Over $200+ billion of them exist now, moving more value than PayPal.
But how does a token stay worth $1 when there's no law saying it has to? The answer involves reserves, arbitrage, and a lot of trust. Sometimes that trust is justified. Sometimes $40 billion disappears in a week.
This course explains how stablecoins actually work. How the peg is maintained, what's backing different tokens, and why some designs failed catastrophically while others held up fine.
What You'll Learn